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DevvStream Enters into LOI to Pursue Combination with Special Purpose Acquisition Company
DevvStream would be the first pure-play carbon credit generator listed on the NASDAQ
Vancouver, British Columbia–(Newsfile Corp. – July 13, 2023) – DevvStream Holdings Inc. (CBOE: DESG) (OTCQB: DSTRF) (FSE: CQ0) (“DevvStream” or the “Company“) today announced the signing of a non-binding letter of intent (the “LOI“) for a proposed business combination (the “Transaction“). The terms of the LOI provide that a Special Purpose Acquisition Corporation (the “SPAC“) will acquire DevvStream. The SPAC is currently listed on the Nasdaq Stock Exchange (“Nasdaq“), and it would be a condition of closing in the definitive agreement that the post-business combination company will be listed on Nasdaq. DevvStream expects to announce additional details regarding the proposed business combination when a definitive agreement is executed.
“Pursuing a Nasdaq listing has always been a long-term objective of ours as a publicly traded company,” said Sunny Trinh, CEO of DevvStream. “We believe this Transaction will increase DevvStream’s visibility in the marketplace, provide heightened access to capital, improve liquidity and diversify our shareholder base. Our next step is to negotiate and execute a definitive agreement, a process which is already underway.”
Completion of the Transaction is subject to, among other matters, the completion of due diligence, the negotiation of a definitive agreement providing for the Transaction, satisfaction of the conditions negotiated therein, applicable regulatory approvals and approval of the Transaction by the board and stockholders of both DevvStream and the SPAC. No assurances can be made that the parties will successfully negotiate and enter into a definitive agreement, or that the Transaction will be consummated on the terms or timeframe currently contemplated, or at all.
Engagement of Investor Relations Firm
The Company is also pleased to announce that Emerging Markets Consulting, LLC (EMC) has been retained to provide investor relations services. EMC specializes in helping small and mid-sized public companies establish brand awareness and increase market share to its customer base while improving visibility to the institutional and retail investment community. The contract is for an initial term of 3 months at a cost of $100,000 USD.
Based in Orlando, Florida, Emerging Markets Consulting, LLC (EMC) brings multiple decades of combined experience in the investor relations industry. EMC is an international investor relations firm with affiliates around the world. EMC is relationship-driven and results-oriented with the goal of seeking attractive emerging companies and concentrating its resources and efforts to serve a limited number of high-quality clients. For more information, visit EMC’s website at www.emergingmarketsllc.com.
About DevvStream
DevvStream is a technology-based ESG company that advances the development and monetization of environmental assets, with an initial focus on carbon markets. DevvStream works with governments and corporations worldwide to achieve their sustainability goals through the implementation of curated green technology projects that generate renewable energy, improve energy efficiencies, eliminate or reduce emissions, and sequester carbon directly from the air-creating carbon credits in the process.
For more information, please visit www.devvstream.com or contact:
Sunny Trinh
Chief Executive Officer
[email protected]
Investor Relations
Focus Communications
Tel: +1 647 689 6041
[email protected]
Cautionary Statement Regarding “Forward-Looking” Information
This news release contains forward-looking statements within the meaning of applicable securities laws. All statements other than statements of historical fact included in this release are forward-looking statements, including statements relating to the proposed terms and completion of the Transaction, the listing of the combined company on Nasdaq and the parties intention to complete additional financing. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of DevvStream, including those set forth in DevvStream’s public filings available under its profile at www.sedar.com. In particular, the reader is cautioned that the LOI does not constitute a binding obligation of the parties to complete the Transaction and completion of the Transaction is subject to a number of material conditions, including but not limited to, entering into a definitive agreement, completion of due diligence, Nasdaq listing approval, approval by each of the parties’ boards of directors and stockholders, applicable regulatory approvals and other conditions of closing that are expected to be included in the definitive agreement. There can be no assurance that a definitive agreement will be entered into or that the Transaction will be consummated on the terms or timeframe currently contemplated, or at all. The reader is cautioned not to place undue reliance on any forward-looking information. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and DevvStream does not intend to update any of the included forward-looking statements except as required by applicable securities laws.
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Prague Gaming & TECH Summit 2025 – Day 1 Preview: A Deep Dive into Innovation, Compliance, and Technology
The Prague Gaming & TECH Summit 2025 is set to be a defining event in the gaming, technology, and fintech industries. With a robust lineup of expert-led discussions, networking opportunities, and cutting-edge insights, the summit provides an essential platform for professionals looking to stay ahead in this rapidly evolving space.
Day 1 of the event will feature a mix of regulatory and compliance discussions, industry innovations, and technological advancements that are shaping the future of gaming, fintech, AI, blockchain, and digital marketing.
Starting the Day with Focus and Energy
Morning Yoga – The day begins with an exclusive Morning Yoga Session, designed to recharge the body and sharpen the mind. With a full day of panels and networking ahead, this session offers a moment to reset, stretch, and prepare mentally for the engaging discussions that follow.
Registration & Networking – Attendees will gather in the foyer to pick up their badges and start networking. With industry professionals from across the world in attendance, this early morning session sets the tone for valuable connections and collaboration.
Compliance & Operations Hub – Exploring Regulatory Frameworks and Market Trends – Conference room 1: (OPAL + TOPAZ)
Czech Market Update 2025
Regulatory trends are at the forefront of discussions in the gaming industry, and this session will provide a deep dive into compliance challenges, legal frameworks, and emerging opportunities within the Czech market.
Panelists:
- Jakub Kolomicenko
- Petr Kozák
- Jan Urbanec
Moderator: Dr. Robert Skalina
Navigating the Maze: iGaming Compliance Across CEE
The Central and Eastern European (CEE) gaming landscape presents a mix of opportunities and challenges as different countries implement diverse regulatory policies. This panel will focus on the key legal and operational considerations in markets such as Czechia, Romania, Croatia, and Slovenia.
Panelists:
- Džangar Jesenov
- Andrei Cosma
- Petruș Partene
- Jasmina Poglavc
- Damir Hasaković
Moderator: Dan Iliovici
Nordic Horizons: iGaming & TECH Insights (Sponsored by Nordic Legal)
The Nordic region is known for strong gaming regulations and a forward-thinking approach to technology. This panel will examine how the Nordic markets are evolving, the impact of new regulations, and how technology is driving innovation.
Panelists:
- Gustaf Hoffstedt
- Pekka Ilmivalta
- Alexis Wicén
Moderator: Alexis Wicén
Fireside Chat with Planzer Law
A returning highlight of the Prague Gaming & TECH Summit, the Fireside Chat with Dr. Simon Planzer provides a candid and insightful discussion about the current state of global gaming regulations and the future of compliance.
Moderator: Dr. Simon Planzer
Licensing Pitfalls: How to Get It Right in Emerging Markets (IMGL Masterclass)
For companies looking to expand into emerging gaming markets, understanding licensing requirements and regulatory hurdles is crucial. This masterclass, led by top legal experts, will guide operators on avoiding common mistakes and securing licenses efficiently.
Panelists:
- Quirino Mancini
- Dr. Alexandra Körner
- Dr. Joerg Hofmann
- Alon Segev
Moderator: Jaka Repanšek
Responsible & Sustainable Gaming: Compliance, ESG & Player Protection
The iGaming industry is increasingly being shaped by responsible gaming initiatives, corporate responsibility, and ESG (Environmental, Social, and Governance) strategies. These two panels will address best practices for sustainable gaming and how businesses can balance compliance with player protection.
Panelists (Part 1):
- Alina Tace
- William J. Pascrell, III, Esq
- Jan Řehola
- Dan Iliovici
Panelists (Part 2):
- John Chyriwsky
- Dr. Alexandra Körner
- Carl Ørnstrup
- Trevor De Giorgio
Moderator: Pieter Remmers
D-A-CH Compliance Deep Dive: Striking the Balance Between Regulation and Innovation
Germany, Austria, and Switzerland (D-A-CH) represent some of the most regulated gaming markets in Europe. This session will explore how companies can navigate legal frameworks while fostering innovation and growth.
Panelists:
- Dr. Simon Planzer
- Filip Sosnowski
- Mark Dieckmann
- Dr. Arthur Stadler
Moderator: Dr. Joerg Hofmann
TECH Trends, Innovation & Marketing Mastery Hub – The Future of iGaming & Technology – Conference room 2: (QUARTZ + SAPPHIRE)
The Rise of AI in Gaming
Artificial Intelligence is reshaping the gaming industry, from game development and personalized experiences to fraud detection and responsible gaming measures. This panel will explore AI’s potential risks, opportunities, and future developments in the sector.
Panelists:
- Dmitry Starostenkov
- Štěpánka Havlíková
- Raid Arfua
- Bernd Henning
- Thomas Aigner
Moderator: Stanislaw Szosztak
Google Penalties Explained – Ex-Google Engineer Tells All
SEO remains a key driver of traffic and visibility in the gaming industry, and avoiding Google penalties is essential. Ex-Google engineer Fili Wiese will provide insider knowledge on how Google applies penalties, how to recover from them, and SEO strategies to stay ahead.
Presented by: Fili Wiese
Keeping the iGaming Spirit Alive
The iGaming industry has evolved significantly over the years, but its early days (2007-2015) were marked by creativity, risk-taking, and a strong sense of community. This panel will take a nostalgic yet insightful look at the bold ideas, groundbreaking marketing strategies, and industry-defining moments that shaped the sector. The discussion will also explore how today’s gaming professionals can keep that innovative spirit alive, ensuring the industry continues to thrive with fresh perspectives and unconventional thinking.
Panelists:
- Becky Liggero Fontana
- Sarah Blackburn
- Michael Caselli
- Wojciech Trzaska
Moderator: Sönke Kirchhof
Beyond Translation: How AI is Redefining iGaming Localization (Keynote)
As the iGaming industry expands globally, delivering accurate, high-quality, and compliant multilingual content has never been more important. This keynote will examine the transition from traditional human-only translation workflows to AI-assisted localization, highlighting the benefits of a human-in-the-loop approach. Attendees will gain insights into how AI streamlines localization while ensuring cultural accuracy and regulatory compliance, as well as what the future holds for AI-powered linguistic solutions in gaming.
Presented by: Tiago Aprigio
Future-Ready Cloud Solutions: Winning in Regulated Markets (Keynote / Workshop)
For gaming operators looking to expand into new markets while meeting strict regulatory requirements, cloud solutions are becoming an essential tool. This workshop will provide real-world case studies showcasing how companies are accelerating market entry, reducing operational costs, and maintaining compliance across multiple jurisdictions. Attendees will learn about best practices for infrastructure design, how to scale operations efficiently, and ways to avoid common regulatory pitfalls in the ever-changing gaming landscape.
Presented by: Matteo Gabrielli
Blockchain Revolution: Unlocking the Potential of Web3
Web3 and blockchain technologies are disrupting traditional business models. This panel will examine how decentralized platforms, digital identities, and blockchain innovations are shaping the future.
Panelists:
- Andrei Cosma
- Anna Agu
- Dr. Joseph F. Borg
- Dr. Dean Rakic
- Jakub Tesař
Moderator: Becky Liggero Fontana
The Fintech Connection: Payment Innovations Driving Seamless Player Experiences
Fintech is playing an increasingly vital role in the gaming industry, reshaping how players interact with platforms through faster, more secure, and user-friendly payment solutions. This panel will explore the latest advancements in digital payments, instant transactions, cryptocurrency integration, and mobile wallets, all of which are enhancing player satisfaction and retention. As the demand for seamless financial interactions grows, this discussion will highlight how operators can leverage fintech innovations to stay competitive in a rapidly evolving digital economy.
Panelists:
- Martina Hanusová
- Viktoria Soltesz
- Saulius Racevicius
- Dr. Joseph F. Borg
Moderator: Anna Agu
The Future of SEO: AI-Driven Strategies & Multichannel Marketing
The role of SEO in iGaming is evolving, integrating AI-driven content creation, social media marketing, voice search, and paid advertising. This session will explore how AI is transforming SEO and whether companies should fully embrace it or proceed with caution.
Panelists:
- Izabela Janczak (Izzy)
- Filip Janczak
- Chris Mawson
- Sean Bianco
Moderator: Andy Blackburn
Endorphina Club & GamingTECH CEE Awards 2025 – An Evening of Networking and Celebration
The day concludes with the Endorphina Club & GamingTECH CEE Awards 2025 Ceremony, an exclusive networking event and awards night celebrating outstanding achievements in gaming and technology. Hosted by Endorphina, this gathering provides a prime opportunity for industry professionals to network, collaborate, and celebrate success.
Secure Your Spot at Prague Gaming & TECH Summit 2025
Don’t miss your chance to be part of one of the most influential gaming and tech events in Europe. Join industry leaders, innovators, and decision-makers for insightful discussions, networking opportunities, and cutting-edge trends in iGaming, AI, fintech, blockchain, and compliance.
Register now to gain access to expert panels, interactive workshops, and exclusive networking events that will shape the future of gaming and technology.
Register Today and be part of the conversation!
Conclusion: A Packed First Day at Prague Gaming & TECH Summit 2025
With a diverse lineup of regulatory insights, AI-driven discussions, blockchain advancements, and SEO strategies, Day 1 of the Prague Gaming & TECH Summit 2025 is packed with valuable content and networking opportunities. Attendees will leave with actionable insights, meaningful connections, and a deeper understanding of the industry’s future.
Stay tuned for Day 2 highlights and join the conversation using #Prague2025.
The post Prague Gaming & TECH Summit 2025 – Day 1 Preview: A Deep Dive into Innovation, Compliance, and Technology appeared first on News, Events, Advertising Options.
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